Kalshi Soars to $40B Valuation After Fresh $1B Raise as Prediction-Market Wars Intensify

TL;DR: Kalshi closed a $1 billion funding round co-led by Sequoia Capital and Wellington Management, placing its private valuation at $40 billion. The figure represents an approximate 82% increase compared to the $22 billion recorded after its May 2026 round. Contracts tied to sports events contributed nearly 65% of the firm’s revenue in recent periods, amid state regulatory disputes. New York-based prediction market operator Kalshi closed a new $1 billion capital injection, raising its valuation to $40 billion this Thursday, October 29, 2026. This is the second $1 billion raise completed by the company in less than five months. According to the Reuters report , the round was co-led by venture capital firms Sequoia Capital and Wellington Management, with additional participation from T iger Global Management and Dragoneer Investment Group.

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